Bk Marine Limited

Bk Marine Ltd, based in Lerwick, UK, is a small, family-run business with an active status, celebrating 18 years since its founding. Employing ten people, the company holds £679,171 in assets and operates from a real address in Shetland. With four directors and two owners, it boasts a perfect 5.0 Google rating from two reviews. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with recent imports recorded just one month ago.

The company’s website highlights its diverse services, including work boat hire and marine logistics. It offers a variety of work boat services, from lifting and towing to salmon farm work and even salvage operations. A key aspect of its business is the Foula Ferry service, connecting the village of Walls to the remote island of Foula twice weekly. The website showcases its boats and crew, emphasizing their commitment to meeting customer needs. It’s clear they’re focused on providing practical solutions for maritime operations and island connectivity.

Financially, Bk Marine Ltd’s recent report presents a mixed picture. Current assets decreased by 26%, dropping to £680,000, while net assets also fell by 11%, settling at £1.4 million. Bank borrowings increased by 11%, reaching £150,000, and cash reserves declined by 3%, now at £370,000. Creditors decreased by 26%, suggesting improvements in managing debt. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the decline in equity warrants attention. The report is unaudited, as is common for small companies.

Overall, Bk Marine Ltd appears to be navigating a period of change. While its services are in demand, the financial data suggests some pressure on its equity. It’s a business built on local expertise and family ownership, and its future likely depends on maintaining its reputation for reliable service in the Shetland Islands.

Registered in Scotland under the registration number SC303508, with a registered address at ZE1 0PE, Scotland, Lerwick, Shetland, Unit 6 Toll Clock Shopping Centre, 26 North Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.